Spirits are the second-most important segment in the global alcoholic drinks market by value. The segment only includes distilled alcoholic beverages (including blended or mixed beverages), whereas strong alcoholic drinks gained by fermentation are part of the Cider, Perry and Rice Wine segment and non-alcoholic variants (mocktails) are out of scope. The global market for spirits has been mostly driven by premiumisation as volume demand has been mostly flat or falling in developed markets.
Revenue in the Spirits segment amounts to US$409,559m in 2020. The market is expected to grow annually by 7.0% (CAGR 2020-2023).
In global comparison, most revenue is generated in China (US$125,531m in 2020).
In relation to total population figures, per person revenues of US$55.03 are generated in 2020.
The average per capita consumption stands at 4.3 L in 2020.
Whisky worldwide
Revenue in the whisky segment amounts to US$80,586m in 2020. The market is expected to grow annually by 7.6% (CAGR 2020-2023).
In global comparison, most revenue is generated in India (US$18,791m in 2020).
In relation to total population figures, per person revenues of US$10.83 are generated in 2020.
The average per capita consumption stands at 0.8 L in 2020.
Vodka worldwide
Revenue in the Vodka segment amounts to US$42,057m in 2020. The market is expected to grow annually by 8.0% (CAGR 2020-2023).
In global comparison, most revenue is generated in the United States (US$18,803m in 2020).
In relation to total population figures, per person revenues of US$5.65 are generated in 2020.
The average per capita consumption stands at 0.3 L in 2020.
Rum worldwide
Diese Geschichte stammt aus der September 2020-Ausgabe von Ambrosia.
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Diese Geschichte stammt aus der September 2020-Ausgabe von Ambrosia.
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E-commerce In Alcohol Is The New Route To Market Strategy
Post Covid e-commerce could help the industry out of a crisis. But in the new normal the growth rate may not be high. A report.
Processes for alcohol-free beer production: A review
Carlos MULLER1 Luis Eduardo NEVES1 Luciana GOMES1 Munique GUIMARÃES1 Grace GHESTI1 * http://orcid.org/0000-0003-1043-5748
The US and China offer resilience and opportunity for drinks groups
Strong performances in China and the US have shielded multinational drinks companies from the fallout of Covid-19 in recent months. IWSR examines the reasons why.
Increasing demand for nostalgic flavours in drinks
Nostalgic flavours such as peanut butter, lemonade and chocolate have become increasingly popular during the pandemic. IWSR looks at how the trend is manifesting in different beverage categories.
‘80% of the International Awards won by Indian wines are from Karnataka'
The Wine market in India is still in its infancy but is growing at a much faster rate as compared to any other category/ segment. Grover Zampa, the second biggest manufacturer of Wines in India has been on a spending spree acquiring wineries in India to increase their presence in the market. In an interview with Ambrosia, Ravi Vishwanathan, Chairman, Grover Zampa Vineyards speaks about his investments, the Indian market and the possibilities for the future. Excerpts:
Trends in alcohol consumption in Europe continue their positive course
Over recent months, we have seen very welcome findings on drinking behaviours released by leading health authorities across Europe, particularly with regards to the decline in underage drinking. This contrasts sharply with misleading coverage which often suggests that overall consumption is dangerously on the increase, in particular since the pandemic started, writes spirits Europe Director General Ulrich Adam.
Pernod Ricard and Brown Forman Merger Speculation
As speculation mounts about the strategic merger between Pernod Ricard & Brown & Forman, we look at the far reaching consequences of the deal.
Glasgow Whisky announces distillery purchase to expand global business
The company is expanding its wings with an environmentally sustainable and energy efficient distillery
Excise revenues save the day for Maharashtra and Karnataka
The pandemic has not much changed consumption levels of liquor in Maharashtra, though the excise department may fall short of the excise revenue target of ₹19,225 crores for 2020-21. Home delivery of liquor in Maharashtra has done exceedingly well as it has earned almost equal revenue for the State as compared to last year.
Bacardi adds flavour to Indian market
Over the past few years, Bacardi has further strengthened its position in India as a premium brand. Known for its diverse brand portfolio, Bacardi aims at bringing superior quality spirits to the market. Zeenah Vilcassim, Marketing Director, Bacardi India, unveils her strategy for the Indian market.
